Headline inflation in the Euro Area is falling sharply, according to initial Eurostat data, with lower energy prices helping to cut the cost of living.
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Headline inflation in the Euro Area is falling sharply, according to initial Eurostat data, with lower energy prices helping to cut the cost of living.
from DailyFX – Market News https://bit.ly/3kSDRqp
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USD/JPY looks ahead to the Fed’s interest rate decision with caution as the Yen flirts with the 130 handle.
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The gold price rejected a move lower overnight as the US Dollar is poised ahead of today’s all-important Fed rate decision with the attention turning to post-decision press conference.
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It’s finally upon us: the FOMC rate decision. The markets have been waiting for this event, but will it give the clarity of theme and trends that traders have been waiting? We break down the event and the backdrop of key markets represented by the S&P 500, Dollar and USDJPY.
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Most FX traders – and investors in most assets for that matter – are eagerly awaiting the FOMC rate decision Wednesday afternoon. Pairs like EURUSD and GBPUSD may prove difficult to read given the ECB and BOE decisions due the following day. Yet, for USDCAD, the Fed view will find a stable counterpart.
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